Since 2014 investments into the mining industry of the Khabarovsk region totaled 16 billion rubles. Belaya Gora Mining and Processing Works increased ore processing by 10% in 2 years. In 2016 Polymetal put into operation a GOK at the Svetloye deposits. Amur Zoloto LLC has resumed operation at the Yubileinaya gold factory, and the Ayano-Maysk…
Gold production at the Kumtor mine in 2016 was 550,960 ounces or 17,136.78 kg, Kumtor Gold Company informed. Gold sales were 546,342 ounces or 16,993.15 kg with a revenue totaling $686.4 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2016 was 8% and in the overall…
German Pikhoya, a member of the management board of Russian nanotechnology company Rusnano and former CEO of gold producer Polyus, may become CEO of gold miner GV Gold. Pikhoya has left Rusnano to “chair a large gold producing company,” Rusnano said without any specifications. Pikhoya said he would be ready to discuss the topic only…
U.K. Highland Gold Mining (HGM), which operates in Russia, has estimated capital expenditures on the Unkurtash deposit in Kyrgyzstan to amount to $322 million, the company said in a statement on March 20. The field’s annual gold output is expected at 133,000 ounces, or 4.14 tons, on average with operating expenses of $616 per ounce…
In January-February Chukotka region mined 3,577 tons of gold, down by 14% YoY. The overall decrease was the result of the output drop at the large gold and silver deposits of Kupol and Dvoynoye. At Kupol the Chukotka Mining and Geological Company mined 1.472 tons of gold, down by 218 kg YoY, and 19.9 tons…
From the start of the year and as of March 17, the gold-mining company Druza has mined 135 kg of gold at its Nevskoye deposits. “At present we continue mining ore gold at the Nevskoye deposits. Operations at the Bolshoy Dogaldyn have already been started”, the company chief geologist Konstantin Morgun said. In 2017 Druza…
The management of Susumanzoloto intends to mine 4050 kg of gold at its deposits in the Magadan region. “At present we make all the preparations to the season: repair machinery, carry out drilling and blasting. We’ll start extracting alluvial gold in April. At the same time we continue mining ore gold at the Vetrenskoye deposits.…
Russian gold producer Polyus plans to sell its 82.3% stake in the Nezhdaninskoye gold deposit in the republic of Yakutia to businessman Ivan Kulakov. The deal is valued at $150 million, and precious metals producer Polymetal, the minority shareholder of the deposit, will keep an option to raise its stake in the project to 50%.…
